Discussion in 'Bullion Investing' started by James Gravitt, May 22, 2019.
Is there anyone selling these from a mint or elsewhere?
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You can find 500 gram bars..slightly over a pound at APMEX.
If you don’t mind, why would you want to buy copper in bulk? Seems to me you could get a pound of copper pennies if you really wanted copper that bad and at least have some coins. There are about 145 pennies to a pound..I can buy them for 1 to 1.5 cents max near me. That would be $1.45 to maybe $2.25 max per pound. You’re gonna pay $40 for the bar!
I had some from about 8 years ago. They are selling like hot cakes on eBay.
Copper is $2.68 a pound. Why pay $40? Grams in a pound 453.592 so 500 grams is around 1.1 lbs. Which is $3 worth of copper.
As for copper pennies, these 95% copper pennies (non wheat) are never
worth more than 1 cent each. But you can't tell people what to do.
There are some on eBay and other sites, that are claiming they are hand poured and stamped with weight and company, trying to take advantage like the hand poured silver bars that companies sell, pretending they have historical significance. True some may be historical items, but most are not and should have no extra value attached. some have the name and weight punched in with a set of individual metalworking stamps.
The copper futures have just had a series of 3 advances and then retreats , unable to continue up. That is a bad candlestick sign and ( if you believe such ) usually indicates a deep downward fall. Contrary to this the pundits are advising to buy copper so they can get out of it. Be cautious.
Buying copper is like lighting money on fire...except lighting money on fire is a lot more fun.
Beware hawkers who make claims like "Could copper be the next silver or gold?" Baloney. There is a fellow in R.I. who sells the one ounce rounds for $1.00 each, so the math is not hard to figure out. That's the way to start an inexpensive collection of many different designs, but just for fun and not because they will ever appreciate to any degree worth the expense.
It's a gimmick for the sellers to make money. Copper is cheap and storage is a problem. Be cautious and welcome to CT.
When the apocalypse comes and all the silver and gold is irradiated,
the people holding pure copper will be the only ones able to trade for food
and medical supplies.
If one's gold or silver is actually irradiated, they will be crispy critters anyway and not need it any longer! But in their favor, Gold's longest lived radioisotope is 165days half life , and copper's is 62 hrs half life. Besides all of their ammo would blow off and destroy their bunker, IMO Jim
Hard to tell a joke around here.
And why, pray tell, wouldn't the copper be radioactive?
First off @Michael K was joking.
Well I did use a . And just so they do not feel left out , the platinum hoarders will have to wait a long time for Pt.190 to cool off ~6.50×10^11 years. Jim
I was in the A/C Business for 30 Years and the only copper that is worth
Anything is the scrap type such as tubing or bright and shiny from industrial
Plants, i think the market for coins, bars etc, would be very very light as
There is very little value there.
Hmmm, I think food and medical supplies would be priceless vs. ANY metal
I have seen people push copper as an investment metal. It makes no sense to me. Even if the price goes up, you have to have a ton of it to make anything.
Even silver is tough in that regard. The pirce I noted in a search is $14.67. Gold is $1,284 in round numbers. The current ratio is about 87 to 1. Can you imagine William Jennings Bryan campaigning on that platform? "87 to 1 looks great to me!"
I like the designs on the 1 oz copper rounds. They look better than on silver or gold.
Lets be realistic people, current cooper prices are $2.49 a pound, again
That,s A POUND ! i guess if you had no job and were begging on the
Street maybe this would be a good investment vehicle, but for everybody
Else a waste of time and money !!
I gotta say this. Copper by the pound is $2.50 (I'm rounding) and a 1 oz bar or round of copper can be had for $2.00. That's $32.00 a pound. Someone is making done serious money on this.
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